Industry
Eight winning entries have been selected for the first Aviva Community Fund for change in their community. The four winners of the big ideas ($50,000 to $250,00) are: 1) Building a lodge for Camp Triumph in Malpeque, P.E.I. A lodge will be built for indoor activities and a therapy program at Camp Triumph, an adventure […]
By Canadian Underwriter | January 26, 2010
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The Automotive Industries Associations (AIA) will officially assume responsibility for I-CAR training in Canada as of May 1, 2010, AIA president Marc Brazeau told delegates at the Canadian Collision Industry Forum (CCIF) on Jan. 23 in Toronto.The Inter-Industry Conference on Auto Collision Repair (I-CAR) is a non-profit organization that develops and delivers technical training programs […]
By Canadian Underwriter | January 25, 2010
Lloyd Albert Hackett, a prominent member of Canada’s risk management community, passed away on Jan. 20 at the age of 80.Hackett was appointed as the Risk and Insurance Management Society (RIMS)’s first Canadian director of legislative, risk management and public affairs. A long-standing member of ORIMS (Ontario Risk and Insurance Management Society), he served for […]
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Kingsway Financial Services Inc. (NYSE, TSX: KFS) has agreed to sell all of its outstanding shares of Jevco Insurance Company to The Westaim Corporation (TSX:WED), an investment manager, for approximately $263 million.The acquisition is subject to the receipt of all required regulatory approvals and is anticipated to close on or about Mar. 31, 2010.”Jevco and […]
A.M. Best Co. has upgraded the financial strength ratings to ‘A’ (excellent) from ‘A-’ (excellent) of RSA Canada, Quebec Assurance Company and Western Assurance Company. Together, these companies form RSA Group of Canada. The outlook for the ratings is stable.“The rating actions on RSA Group of Canada reflect A.M. Best’s viewpoint that the group maintains […]
Janice M. Tomlinson has received the inaugural Women In Insurance Cancer Crusade (WICC) Lifetime Achievement Award. The former president of Chubb Insurance Company of Canada and co-chair of WICC was presented the award at a retirement event in her honour on Dec. 9, 2009, at the National Club. The award recognizes Tomlinson’s dedication, passion and […]
By Canadian Underwriter | January 22, 2010
The insurance industry’s resilience during the economic crisis needs to be emphasized in recruitment strategies, BestWeek reported.In an interview with BestWeek, LoriAnn Lowery-Biggers, the president of field operations for Navigators Marine Company Inc., stressed the importance of the industry’s stability when trying to draw fresh talent.Other financial sector firms, including investment banks, auditing firms and […]
Economic turmoil drove a surge in securities lawsuit filings in 2009, according to a new report from Advisen Ltd. “The year saw securities lawsuit filings grow at a robust 13% rate, to 910 suits, eclipsing an already-elevated 2008 at 804 suits,” Advisen said in a press release announcing the report, Securities Suits Abound in a […]
The General Insurance Council of Manitoba is currently examining its policy requiring on-site supervision of ‘Level 1’ and ‘Auto Only’ general insurance agents. “Council acknowledges that in today’s technologically advanced environment, it is possible that ‘supervision,’ as required in accordance with the General Insurance Agent Licensing Rules, may be effectively accomplished in a variety of […]
By Canadian Underwriter | January 21, 2010
Her Majesty Queen Elizabeth II appointed Gregory Belton, chairman of HKMB Hub International, commander of the Royal Victorian Order (CVO). Established in 1896, the Royal Victorian Order is a dynastic order of knighthood and a house of chivalry that recognizes distinguished personal service to the Queen and members of her family. Belton’s appointment recognizes his […]
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